European Union official suggests that Bitcoin will not be regulated

[criptogenious]

Regulators in Europe have tried to pressure the European Commission to put Bitcoin under a magnifying glass in one way or another. However, there are other characters that sometimes make us believe that these efforts are over, at least for now.

[akram143]

Regulators in Europe have tried to pressure the European Commission to put Bitcoin under a magnifying glass in one way or another. However, there are other characters that sometimes make us believe that these efforts are over, at least for now.

Yeah it is highly impossible to regulate the use of bitcoin because it is anonymous and there is no way to trace the usage of bitcoiners.So no government can put rules and regulation for using bitcoin.

[moynul2050]

Regulators in Europe have tried to pressure the European Commission to put Bitcoin under a magnifying glass in one way or another. However, there are other characters that sometimes make us believe that these efforts are over, at least for now.

Yeah it is highly impossible to regulate the use of bitcoin because it is anonymous and there is no way to trace the usage of bitcoiners.So no government can put rules and regulation for using bitcoin.

The Indonesian government is also beginning to fear the development of Bitcoin today, it is very dangerous if people do not understand the risks of investing with Bitcoin.
2018 is a bad day for Bitcoin users in Indonesia.
and who next ..

[squatz1]

Regulators in Europe have tried to pressure the European Commission to put Bitcoin under a magnifying glass in one way or another. However, there are other characters that sometimes make us believe that these efforts are over, at least for now.

Yeah it is highly impossible to regulate the use of bitcoin because it is anonymous and there is no way to trace the usage of bitcoiners.So no government can put rules and regulation for using bitcoin.

That just simply isn't true. There are actually people that have professions of tracking within the blockchain, and they sure as hell do a pretty good job cause most people don't do their due dilligence when it comes to using Bitcoin as they don't even make it more secure for themselves. Bitcoin can be made more secure and anon, away from the watchful eye of people who want to know what you're doing -- but it isn't easy.

Bitcoin will be regulated heavily, but only when itis something that is hurting the big powers.

[grimesrhymes]

Regulators in Europe have tried to pressure the European Commission to put Bitcoin under a magnifying glass in one way or another. However, there are other characters that sometimes make us believe that these efforts are over, at least for now.

There will always be a push by those within government for greater regulation on bitcoin but the simple fact is that it is very difficult for them to control it. They are missing out on big tax revenue which is their biggest concern. In time I'm sure we will see them implement something in some way but it will take a while before they figure out how to do it and then even more time for it to be put in to place.

[Hamphser]

Regulators in Europe have tried to pressure the European Commission to put Bitcoin under a magnifying glass in one way or another. However, there are other characters that sometimes make us believe that these efforts are over, at least for now.

Yeah it is highly impossible to regulate the use of bitcoin because it is anonymous and there is no way to trace the usage of bitcoiners.So no government can put rules and regulation for using bitcoin.

That just simply isn't true. There are actually people that have professions of tracking within the blockchain, and they sure as hell do a pretty good job cause most people don't do their due dilligence when it comes to using Bitcoin as they don't even make it more secure for themselves. Bitcoin can be made more secure and anon, away from the watchful eye of people who want to know what you're doing -- but it isn't easy.

Bitcoin will be regulated heavily, but only when itis something that is hurting the big powers.

I agree which there are really people who are capable on tracing up transactions since all tx on blockchain can really be traced up on where those funds go but I don't know on how they do it but its really a possible thing.
Back to topic, Its not really already surprising for me for this kind of news which a new country would tend not to adopt or regulate bitcoin which I do really understand their part since they do already saw on the things that would happen if they would accept bitcoin.

[cynical]

i cannot see how bitcoin can be regulated.
i think its impossible to prevent people from buying into it.
they may look to collect tax revenue from people liquidating crypto into fiat but im not sure how that  can be done because of the unregulated nature of crypto.

[winteroxalis]

It should not,even in areas where bitcoin isn’t considered illegal, any regulatory hurdles will inevitably hamper innovation.   The entire cryptocurrency ecosystem, both legal and otherwise, is evolving so quickly that government regulations can’t even keep up, let alone plan. Legislators are now preparing to make rules for circumstances that have no precedent, that can be hard to understand in their current form, and that will likely not exist tomorrow.
 Bitcoin requires a whole new way of thinking, and a much more flexible approach from governments, to allow it to develop legally within the free market and to bestow its benefits on the world’s citizens.

[imdabest239]

Well those are good news after all, we have heard so much fud from the asian countries and that was scaring a lot of people.. when is the price going to go up again? i dont understand why the whole world is now trying to spread fud

[BartS]

Regulators in Europe have tried to pressure the European Commission to put Bitcoin under a magnifying glass in one way or another. However, there are other characters that sometimes make us believe that these efforts are over, at least for now.

Source? Because if anything the evidence suggest the opposite, governments are more and more interested in regulating bitcoin and cryptocurrencies just look at what happened in this year, China banned icos and the US won a case against coinbase and in my opinion this is just the beginning, we are going to see more actions like these in the next year.

[meer45]

i cannot see how bitcoin can be regulated.
i think its impossible to prevent people from buying into it.
they may look to collect tax revenue from people liquidating crypto into fiat but im not sure how that  can be done because of the unregulated nature of crypto.

Regulating bitcoin directly may be very difficult, but you don't necessarily have to trace it directly. If you start keeping track of money coming from off of the grid, chances are, you will be able to identify the money coming off of cryptos. So regulating bitcoin should definitely be possible.

[Hydrogen]

I think there are two main opposing forces, here.

#1 Bankers, credit card companies, paypal and similar entities who want bitcoin regulated or banned to reduce competition in the banking and electronic transaction industry. These demographics lobby politicians to legislate anti-bitcoin laws.

#2 Wealthy investors, speculators and businessmen who do not want bitcoin regulated. I would guess the Winklevoss Twins and other wealthy demographics who wield political influence oppose bitcoin legislation.

Of course, there could also be a 3rd demographic consisting of activists, bitcoin supporters, economists and others concerned with deficit and debt in our world, who do not want bitcoin regulated. They know a regulated bitcoin could possibly carry restrictions which would prevent it from being an effective store of value in the event of default and hyperinflation.

Its interesting to note how bankers and investors could be split on this issue. Their goal has historically been to show a united front to the world. If they begin to oppose each other on issues and engage in conflict, things could get interesting(and messy).

[signaturecoin]

So i guess that those are good news right? Then i can not understand why the hell the price is still going down.

Maybe the market is full of fud, but it is full of buyers on GDAX.

[Bobby park]

Regulators in Europe have tried to pressure the European Commission to put Bitcoin under a magnifying glass in one way or another. However, there are other characters that sometimes make us believe that these efforts are over, at least for now.

Yeah it is highly impossible to regulate the use of bitcoin because it is anonymous and there is no way to trace the usage of bitcoiners.So no government can put rules and regulation for using bitcoin.

Agreed, being anonymous of bitcoin is the reason why some of the country are prohibiting to use it or to circulate in their economy. Government does not hold the people, they cannot impose laws and regulation about bitcoin because it is not centralized and the most important, bitcoin is a bubble thing and it can be vanished anytime without the concern of investors.

[ivrynx]

First of all, you can not regulate something that you cannot control, and to be specific bitcoin, some may say negative things about bitcoin and we may see a drop, still no one person can control bitcoin, not even an entire country, if we take a lool back what had happened with china, there was a huge drop in the value of bitcoin, still china cannot control bitcoin. Second, they might want to create their.own coin rather than regulating bitcoin, since there is still bitcoins to be mined, they will have no control over it. Lastly, bitcoin is anonymous, how could you control something that you don't even know who has it.

[criptogenious]

i cannot see how bitcoin can be regulated.
i think its impossible to prevent people from buying into it.
they may look to collect tax revenue from people liquidating crypto into fiat but im not sure how that  can be done because of the unregulated nature of crypto.

Bitcoin is one of the largest cryptocurrency. Now a days people are attractive to trade bitcoin. Its so difficult job for European Union to controlled bitcoin. 

[NeuroticFish]

I think there are two main opposing forces, here.

#1 Bankers, credit card companies, paypal and similar entities who want bitcoin regulated or banned to reduce competition in the banking and electronic transaction industry. These demographics lobby politicians to legislate anti-bitcoin laws.

#2 Wealthy investors, speculators and businessmen who do not want bitcoin regulated. I would guess the Winklevoss Twins and other wealthy demographics who wield political influence oppose bitcoin legislation.

Of course, there could also be a 3rd demographic consisting of activists, bitcoin supporters, economists and others concerned with deficit and debt in our world, who do not want bitcoin regulated. They know a regulated bitcoin could possibly carry restrictions which would prevent it from being an effective store of value in the event of default and hyperinflation.

Its interesting to note how bankers and investors could be split on this issue. Their goal has historically been to show a united front to the world. If they begin to oppose each other on issues and engage in conflict, things could get interesting(and messy).

I believe that even the wealthy investors would like to see Bitcoin regulated. But it all depends on how those regulations would look like; it's a tremendous job (and learning) to make it right. A proper regulation would make it a great investment vehicle (speculative or not). It's the opposite of banning it.
And I somehow think that they don't regulate it yet to send a signal that they don't take Bitcoin serious. And maybe this is what the bankers want: to have all the means to keep discrediting Bitcoin.

[Nana_Marini]

Regulators in Europe have tried to pressure the European Commission to put Bitcoin under a magnifying glass in one way or another. However, there are other characters that sometimes make us believe that these efforts are over, at least for now.

Right that the state hard to tegulated bitcoin because many people who joining in bitcoin anonymous. We must be patient for this situation always hope the best for our

[13abyknight]

And how exactly would they plan their course of action to regulate Bitcoin while there are so many countries in the European Union that have indirectly been active supporters with large volumes of investments with their respective governments knowing of it? It simple wouldn't be possible to regulate a decentralised currency such as Bitcoin in a region like EU even with the multiple nations supporting the cause.

[syaripudin]

I think this is good news for investors who invest with bitcoin because of course this is a freedom where we can freely perform an activity with bitcoin. but on the one hand of course it will be a very controversial thing because what is feared is with a freedom that is obtained of course there will be parties who take advantage of this for a criminal activity such as corruption and other crimes. my current hope is for the government in my country not to forbid bitcoin activities and besides my expectation is there is a legalization that will be applied by the government and I think if the government wants to legalize bitcoin this will certainly make the bitcoin more controlled and certainly no one can use bitcoin for crime.